Chew on the 27B surplus losers.So you admit that you were wrong as usual?
June spending: $27 billion surplus







Trump's economy continues its record of being consistently underestimated by all economic experts and metrics.
Chew on the 27B surplus losers.So you admit that you were wrong as usual?
I agree with your premise. And I concede that a rational person could look at all the data out there and come up with conclusions 180 degrees apart. Here's my point of view...first of all the 2% mandate was only "mandated" in 2012. The average rate over time has been 3.2% , and our economy has done pretty well during that "average" period.You can also make the case that these tariffs are increasing inflation and we haven't seen their full effect yet. I can't blame the Fed for being cautious.
I agree with your premise. And I concede that a rational person could look at all the data out there and come up with conclusions 180 degrees apart. Here's my point of view...first of all the 2% mandate was only "mandated" in 2012. The average rate over time has been 3.2% , and our economy has done pretty well during that "average" period.
Next Powell and fed governors have made careers out of the mantra that decisions are "data driven". OK, that makes sense. So far, the data is showing little inflation impact from tariffs, and FED actions are based on what the governors perceive as possible effects of tariffs in the future. That's far from being data driven.
Now, I look at the housing market. from econ 101 I remember "housing leads us into recession and housing leads us out of recessions". So look at housing market and it's not good. And that's a fact that's happening now, in no small way because of interest rates.
So the FED is making decisions on what might be instead of what is, and that doesn't make sense.
Interest rates do not need to be cut right now, maybe .25 to .50 bps.
That being said, the .50 point cut right before the election was totally unjustified. The lack of consistency makes the fed appear biased.
In the grand scheme of things, the FED has done a pretty horrible job. I'd like to see the market set rates. End the fed!
I have formally referred Jerome Powell to the DOJ for criminal investigation.
Chairman Powell knowingly misled both Congress and executive branch officials about the true nature of a taxpayer-funded project. Lying under oath is a serious offense— especially from someone tasked with overseeing our monetary system and public trust.
I disagree with you on this one. If that's the case why should anyone ever go into court, place their hand on the bible, take an oath, and tell the truth?yea, not sure that's a good idea. If we prosecuted everybody who lied to Congress or even who lied while in Congress, we'd need to import alligators to DC to create a DC alligator alcatraz
If I understand you correctly, you're concerned about politicians who lie?I disagree with you on this one. If that's the case why should anyone ever go into court, place their hand on the bible, take an oath, and tell the truth?
At last count there were 535 members of House/Senate out of 330/340 million citizens (rough number since no one knows how many illegals Joe let in here). Should these people not be held to a higher standard?
In my opinion, one of the reasons why this country is so screwed up is people were able to lie to the public without any consequences. I'm waiting on Adam Schitt to go on tv any moment and tell everyone he still has evidence of russian election interference.
Remind me again... Who was it that put Powell in that spot? Pro tip... NOT Biden. That's right Trump picked him and as Trump has said, he ONLY picks the best people, right? Jesus, how many bad picks has this man made. As SOME POINT, maybe just maybe, someone should question the skills of the guy doing the picking.
Here's a nice set of quotes from Trump:
"There's a need for strong, sound and steady leadership at the Federal Reserve and Powell will provide exactly that type of leadership." Donald Trump 2017
"He's strong, he's committed, he's smart. I am confident that Jay has the wisdom and leadership to guide our economy through any challenges that our great economy may face". Donald Trump on selecting Powell for Reserve Chair.
“He’s a terrible Fed chair. I was surprised he was appointed.” Donald Trump.
"integrity" "he did a better job with vetting his picks this time"Trump was new to politics and made a bunch of questionable personnel choices during 1.0. He realized that wth 2.0, loyalty/integrity is more importatnt by far than anthing else, he did a better job with vetting his picks this time.
Integrity... as in not working at cross purposes to your boss or organizational goals. Resign if you must but if not, just pull on your oar in time with everyone else who is rowing the boat."integrity" "he did a better job with vetting his picks this time"
Really?
LMAO at the integrity part...Trump was new to politics and made a bunch of questionable personnel choices during 1.0. He realized that wth 2.0, loyalty/integrity is more importatnt by far than anthing else, he did a better job with vetting his picks this time.
I didn't mean to imply we should convict those who lie. Might not have phrased my post well. Just din;t think it's a good idea, in this instance to push charges on Powell. I doubt seriously of he knows the intricacies of what's going on with remodeling the FED building. I may be wrong, but normally there's an operations person who deals with details.I disagree with you on this one. If that's the case why should anyone ever go into court, place their hand on the bible, take an oath, and tell the truth?
At last count there were 535 members of House/Senate out of 330/340 million citizens (rough number since no one knows how many illegals Joe let in here). Should these people not be held to a higher standard?
In my opinion, one of the reasons why this country is so screwed up is people were able to lie to the public without any consequences. I'm waiting on Adam Schitt to go on tv any moment and tell everyone he still has evidence of russian election interference.
"Spin" when your side does it. "Lies!" when the other side does it. That's called politics. I love the that this admin is working in unison, getting things done and at least trying to make good on campaign promises. And the stock market is rocking!I didn't mean to imply we should convict those who lie. Might not have phrased my post well. Just din;t think it's a good idea, in this instance to push charges on Powell. I doubt seriously of he knows the intricacies of what's going on with remodeling the FED building. I may be wrong, but normally there's an operations person who deals with details.
We have no disagreement on holding our elected officials and those who testify to congress accountable